Tech Stocks Get Hit as Fed-Hike Wagers Lift Yields: Markets Wrap
This content was published on
(Bloomberg) — Wall Street’s historic weekly run is poised to come to a halt, with stocks and bonds falling after a solid jobs report added to speculation the Federal Reserve’s next interest-rate move will be a hike.
Switzerland Speeds Anti-Drone Procurement as Incursions Rise
This content was published on
(Bloomberg) — Switzerland’s army chief said the country is fast-tracking the purchase of anti-drone systems as incursions mount over civilian and military infrastructure.
Nestle CEO Joins Warnings Against Swiss Population Cap Idea
This content was published on
(Bloomberg) — Nestle SA Chief Executive Officer Philipp Navratil warned Swiss citizens not to take its business-friendly environment for granted ahead of a national vote on a proposal to cap the population at 10 million.
HSBC Charged in French Probe Into Embezzled Lebanese Funds
This content was published on
(Bloomberg) — HSBC Holdings Plc’s Swiss unit was charged in Paris as part of an investigation into suspicions it helped a former Lebanese central bank Governor embezzle funds, according to French financial prosecutors.
Dow Average Hits Peak as Old-School Stocks Beat AI: Markets Wrap
This content was published on
(Bloomberg) — Wall Street drove a rotation out of chipmakers into several other industries that tend to benefit from a resilient economy after Broadcom Inc.’s underwhelming outlook tested the artificial-intelligence trade.
UBS CEO Says Swiss Population Cap Is ‘Not the Solution’
This content was published on
(Bloomberg) — UBS Group AG Chief Executive Officer Sergio Ermotti said he worries about Switzerland’s proposed population cap initiative, saying this is not a solution to the country’s problems.
Swiss Funds With $270 Billion to Blacklist Big Oil’s Bonds
This content was published on
(Bloomberg) — Swiss institutional investors managing more than $270 billion in combined assets plan to stop buying debt issued by some of the world’s biggest oil and gas producers.
Partners Group Likely to Cap Flagship US Evergreen Fund
This content was published on
(Bloomberg) — Partners Group Holding AG said it is ready to gate other evergreen funds including a flagship US evergreen fund amid rising pressure from investors to access liquidity, a day after the announcement of a first such move prompted a slump in the Swiss firm’s stock.
Swiss Inflation Unexpectedly Holds Before SNB Rate Decision
This content was published on
(Bloomberg) — Switzerland’s inflation rate came in lower in than economists expected last month, a sign the strength of the franc may be offsetting the impact of high energy costs.
Stocks Decline as US-Iran Clashes Drive Oil Higher: Markets Wrap
This content was published on
(Bloomberg) — A renewed advance in oil sent stocks lower as bond yields rose on concern that an escalation of hostilities between the US and Iran will hinder prospects for a peace deal, with elevated energy costs fueling inflation risks.
Switzerland Still in Talks With US as Trump Proposes New Tariffs
This content was published on
(Bloomberg) — Switzerland said it remains in talks with the US after Washington proposed fresh tariffs on imports from major trading partners, adding that negotiations to finalize a broader trade deal are continuing.
Partners Caps Evergreen Fund Redemptions as Requests Rise
This content was published on
(Bloomberg) — Partners Group Holding AG is capping withdrawals at one of its evergreen private equity funds amid heightened redemption pressure, as the investor anxiety that hit private credit vehicles shows signs of spilling over to other asset classes within private markets.
Swiss Population Cap Opponents Gain Lead for First Time in Polls
This content was published on
(Bloomberg) — A proposal to cap Switzerland’s population at 10 million people has lost ground among voters, with opposition to the idea now above 50% for the first time, according to final polls before a national vote this month.
S&P 500 Tops 7,600 as AI Fuels Nine-Day Win Streak: Markets Wrap
This content was published on
(Bloomberg) — A revival of the artificial-intelligence trade kept driving Wall Street momentum, with stocks also rising on hopes for an agreement that would end the war that has roiled financial markets around the world.
UBS Sells $1.5 Billion AT1, First Since Swiss Reform Pause
This content was published on
(Bloomberg) — UBS Group AG raised $1.5 billion of Additional Tier 1 capital in US dollars, its first foray into the market since Switzerland paused plans to tighten rules on the riskiest type of bank debt.
Nestlé CEO Says Lower Coffee, Cocoa Costs Will Boost Margins
This content was published on
(Bloomberg) — Nestlé SA Chief Executive Officer Philipp Navratil said lower coffee and cocoa prices should help improve margins this year as the foodmaker works to reignite growth.
Ex-NFL Owner Dan Snyder Becomes Pictet Client After US Exit
This content was published on
(Bloomberg) — Former Washington Commanders owner Dan Snyder has tapped Banque Pictet & Cie SA to help manage the proceeds from the National Football League team’s $6 billion sale, one of the biggest-ever US sports deals.
SNB Has No Exchange Rate Target for Franc, Schlegel Says
This content was published on
(Bloomberg) — The Swiss National Bank doesn’t target a specific exchange rate, President Martin Schlegel said, repeating the central bank’s position that it has a greater willingness to intervene in the franc.
